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Side-by-side financial comparison of Ladder Capital Corp (LADR) and AVITA Medical, Inc. (RCEL). Click either name above to swap in a different company.

Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $17.6M, roughly 1.3× AVITA Medical, Inc.). Ladder Capital Corp runs the higher net margin — 71.0% vs -66.0%, a 137.0% gap on every dollar of revenue. On growth, AVITA Medical, Inc. posted the faster year-over-year revenue change (-4.3% vs -18.0%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $-6.1M). Over the past eight quarters, AVITA Medical, Inc.'s revenue compounded faster (26.0% CAGR vs -22.5%).

Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

LADR vs RCEL — Head-to-Head

Bigger by revenue
LADR
LADR
1.3× larger
LADR
$22.3M
$17.6M
RCEL
Growing faster (revenue YoY)
RCEL
RCEL
+13.7% gap
RCEL
-4.3%
-18.0%
LADR
Higher net margin
LADR
LADR
137.0% more per $
LADR
71.0%
-66.0%
RCEL
More free cash flow
LADR
LADR
$84.8M more FCF
LADR
$78.7M
$-6.1M
RCEL
Faster 2-yr revenue CAGR
RCEL
RCEL
Annualised
RCEL
26.0%
-22.5%
LADR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LADR
LADR
RCEL
RCEL
Revenue
$22.3M
$17.6M
Net Profit
$15.9M
$-11.6M
Gross Margin
81.2%
Operating Margin
69.5%
-59.1%
Net Margin
71.0%
-66.0%
Revenue YoY
-18.0%
-4.3%
Net Profit YoY
-49.4%
-0.3%
EPS (diluted)
$0.13
$-0.37

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LADR
LADR
RCEL
RCEL
Q4 25
$22.3M
$17.6M
Q3 25
$27.8M
$17.1M
Q2 25
$21.5M
$18.4M
Q1 25
$20.3M
$18.5M
Q4 24
$27.2M
$18.4M
Q3 24
$38.4M
$19.5M
Q2 24
$34.3M
$15.2M
Q1 24
$37.1M
$11.1M
Net Profit
LADR
LADR
RCEL
RCEL
Q4 25
$15.9M
$-11.6M
Q3 25
$19.2M
$-13.2M
Q2 25
$17.1M
$-9.9M
Q1 25
$11.6M
$-13.9M
Q4 24
$31.3M
$-11.6M
Q3 24
$27.6M
$-16.2M
Q2 24
$32.1M
$-15.4M
Q1 24
$16.4M
$-18.7M
Gross Margin
LADR
LADR
RCEL
RCEL
Q4 25
81.2%
Q3 25
81.3%
Q2 25
81.2%
Q1 25
84.7%
Q4 24
87.6%
Q3 24
83.7%
Q2 24
86.1%
Q1 24
86.4%
Operating Margin
LADR
LADR
RCEL
RCEL
Q4 25
69.5%
-59.1%
Q3 25
72.4%
-53.6%
Q2 25
96.7%
-60.5%
Q1 25
52.7%
-63.9%
Q4 24
-54.1%
Q3 24
74.1%
-70.6%
Q2 24
90.4%
-102.8%
Q1 24
49.4%
-155.0%
Net Margin
LADR
LADR
RCEL
RCEL
Q4 25
71.0%
-66.0%
Q3 25
69.0%
-77.3%
Q2 25
79.5%
-53.9%
Q1 25
56.8%
-74.9%
Q4 24
115.1%
-63.0%
Q3 24
71.7%
-82.9%
Q2 24
93.6%
-101.3%
Q1 24
44.2%
-168.0%
EPS (diluted)
LADR
LADR
RCEL
RCEL
Q4 25
$0.13
$-0.37
Q3 25
$0.15
$-0.46
Q2 25
$0.14
$-0.38
Q1 25
$0.09
$-0.53
Q4 24
$0.25
$-0.44
Q3 24
$0.22
$-0.62
Q2 24
$0.26
$-0.60
Q1 24
$0.13
$-0.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LADR
LADR
RCEL
RCEL
Cash + ST InvestmentsLiquidity on hand
$38.0M
$18.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$-16.6M
Total Assets
$5.2B
$56.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LADR
LADR
RCEL
RCEL
Q4 25
$38.0M
$18.2M
Q3 25
$49.4M
$23.3M
Q2 25
$134.9M
$15.7M
Q1 25
$479.8M
$25.8M
Q4 24
$1.3B
$35.9M
Q3 24
$1.6B
$44.4M
Q2 24
$1.2B
$54.1M
Q1 24
$1.2B
$68.2M
Stockholders' Equity
LADR
LADR
RCEL
RCEL
Q4 25
$1.5B
$-16.6M
Q3 25
$1.5B
$-6.7M
Q2 25
$1.5B
$-12.9M
Q1 25
$1.5B
$-4.6M
Q4 24
$1.5B
$4.5M
Q3 24
$1.5B
$12.2M
Q2 24
$1.5B
$23.9M
Q1 24
$1.5B
$32.6M
Total Assets
LADR
LADR
RCEL
RCEL
Q4 25
$5.2B
$56.4M
Q3 25
$4.7B
$63.7M
Q2 25
$4.5B
$58.1M
Q1 25
$4.5B
$69.6M
Q4 24
$4.8B
$79.7M
Q3 24
$4.8B
$81.1M
Q2 24
$4.8B
$87.8M
Q1 24
$5.3B
$97.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LADR
LADR
RCEL
RCEL
Operating Cash FlowLast quarter
$87.0M
$-5.4M
Free Cash FlowOCF − Capex
$78.7M
$-6.1M
FCF MarginFCF / Revenue
352.4%
-34.7%
Capex IntensityCapex / Revenue
37.4%
3.8%
Cash ConversionOCF / Net Profit
5.49×
TTM Free Cash FlowTrailing 4 quarters
$118.3M
$-33.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LADR
LADR
RCEL
RCEL
Q4 25
$87.0M
$-5.4M
Q3 25
$26.3M
$-5.2M
Q2 25
$44.0M
$-10.2M
Q1 25
$-28.7M
$-10.3M
Q4 24
$133.9M
$-8.1M
Q3 24
$169.0M
$-7.2M
Q2 24
$45.4M
$-12.8M
Q1 24
$-20.4M
$-20.9M
Free Cash Flow
LADR
LADR
RCEL
RCEL
Q4 25
$78.7M
$-6.1M
Q3 25
$25.9M
$-6.2M
Q2 25
$43.4M
$-10.8M
Q1 25
$-29.6M
$-10.5M
Q4 24
$127.4M
$-9.7M
Q3 24
$166.0M
$-11.0M
Q2 24
$44.9M
$-15.4M
Q1 24
$-21.7M
$-22.0M
FCF Margin
LADR
LADR
RCEL
RCEL
Q4 25
352.4%
-34.7%
Q3 25
93.1%
-36.1%
Q2 25
201.6%
-58.4%
Q1 25
-145.6%
-56.9%
Q4 24
468.2%
-52.7%
Q3 24
432.1%
-56.1%
Q2 24
131.0%
-101.6%
Q1 24
-58.6%
-198.2%
Capex Intensity
LADR
LADR
RCEL
RCEL
Q4 25
37.4%
3.8%
Q3 25
1.7%
5.5%
Q2 25
2.9%
2.8%
Q1 25
4.3%
1.2%
Q4 24
23.9%
8.8%
Q3 24
7.8%
19.2%
Q2 24
1.3%
17.5%
Q1 24
3.7%
10.3%
Cash Conversion
LADR
LADR
RCEL
RCEL
Q4 25
5.49×
Q3 25
1.37×
Q2 25
2.57×
Q1 25
-2.49×
Q4 24
4.27×
Q3 24
6.13×
Q2 24
1.41×
Q1 24
-1.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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